asian regionalism

• Singapore has become one of the emerging centers to different cultures and has turned itself into a great cosmopolitan city-state
• Regionalization is the growth of societal integration within a region and to the often undirected processes of social and economic interaction
• globalization is borderless
• regionalization happens only in s specific geographical region
• regionalism refers to regional concentration of economic flows
• regionalization refers to a political process by economic policy cooperation and coordination are present among countries
• The political security community gives importance to human rights, drugs, foreign relations, defense, law, and transnational crimes
• – China, Japan, and South Korea. It is called ASEAN +3. Its goal is to address the 1997 Asian financial crisis and help each other cope with the crisis.
• The North American Free Trade Agreement (NAFTA), a free trade pact between Canada and the United States (now including Mexico), was created to help reduce trading costs, increase investment, and help North America be more competitive in the global marketplace.
• the European Union (EU) is a political and economic established to ensure free movement of people, goods, services, and capital within the EU’s single market.
• socio-cultural community responsible for culture and arts, sports, disaster management, education, environment, health, information, labor, rural development and poverty eradication, women, youth, and civil service matters
• ADB focused its assistance on food production and rural development to serve a predominantly agricultural region.
• ADB promotes social and economic development in Asia. Composed of 67 members, 48 of which are from the Asia-Pacific region
• the financial institution aids and its members and partners by providing loans, technical assistance, grants, and equity investments.
• , ADB focused its assistance on food production and rural development to serve a predominantly agricultural region
• the Japanese International Cooperation Agency (JICA) aims to work on human security and quality growth
• Economies are mainly on comparative advantage through the regional division of labor
• Financial Minister's Process that established two economic structures the Chiang Mai Initiative and the Asian Bond Markets Initiative.
• the Chiang Mai Initiative and the Asian Bond Markets Initiative. The process aims to strengthen policy dialogue, coordination, and collaboration on common financial, monetary, and fiscal issues.
• ASEAN follows a consensus rule as an approach to decision making.
• This process prevents collision of cultural beliefs and economic policies that are understandably not easy to unite because of the region’s diversity of archipelagic lives
• Asian countries have responded with regional alternatives as big group, small group, and local community
• As a big group, Asian countries established their own Asian Development Bank (ADB) that is more focused on Asia and the Pacific as a reaction to global economic integration
• the forerunner of the institution, believes that investments can be a factor to social development
• Japan is a major contributor to ADB
• Asian nations work in the form of loans, grants, and information sharing on topics such as terrorism and regional security.
• Asian countries responds to globalization as a small group
• Asian regionalism lacks institutions and bureaucratic bodies to serve the region unlike the EU model of single market in goods and services.
• individual countries do bilateral or multilateral agreements.
• China, India, and Japan as important regional players. They initiate concrete dialogue in formulating visions, shared goals, and roadmaps for regional cooperation in Asia.
• (ISIS) ISALAMIC STATE IRAC AND SYRIA
• the Muslim communities Spread in Southern Philippines, Indonesia, and Malaysia
• they reached military multilateral agreements to address this common problem.
• Santi Suk village in Thailand created its own currency, called the bia,
• that was regulated by a central bank in a village. This homemade currency can only e used in participating villages, and cannot be exchanged for Thailand’s baht
• As a response to world homogenization and division, regionalism that comes in various forms of regional alternatives to globalization spawned within and among regions in Asia.